TRI, a Telecom Takeover Target,
Titillates Malaysian Investors

As the Malaysian government slowly nudges companies in its cluttered telecommunications sector to merge, some investors are spying profit on potential takeover targets.

Looking pretty vulnerable is Technology Resources Industries, or TRI, which controls the country's second largest mobile network. Its main shareholder, Tajudin Ramli, is facing the pincers of a crippling personal debt burden and a government probe into alleged management irregularities when he presided over national air carrier, Malaysia Airline System. A...